Morphine Prince 109,890 Posted April 4, 2025 Share Posted April 4, 2025 NEW YORK (AP) — Wall Street’s worst crisis since COVID slammed into a higher, scarier gear Friday. The S&P 500 lost 6% after China matched President Donald Trump’s big raise in tariffs announced earlier this week. The move increased the stakes in a trade war that could end with a recession that hurts everyone. Not even a better-than-expected report on the U.S. job market, which is usually the economic highlight of each month, was enough to stop the slide. The drop closed the worst week for the S&P 500 since March 2020, when the pandemic crashed the economy. The Dow Jones Industrial Average plunged 2,231 points, or 5.5% Friday, and the Nasdaq composite tumbled 5.8% to pull more than 20% below its record set in December. Read more: https://apnews.com/article/market-rates-trump-tariffs-d86db525c370e9da834e6dfb76e23b86?taid=67f03c513e9bc50001a7e530&utm_campaign=TrueAnthem&utm_medium=AP&utm_source=Twitter Link to post Share on other sites More sharing options...
RenegAde 20,581 Posted April 4, 2025 Share Posted April 4, 2025 Link to post Share on other sites More sharing options...
Roughhouse Dandy 13,819 Posted April 4, 2025 Share Posted April 4, 2025 Do it again! This is my Hannah Montana™️ lipgloss. Link to post Share on other sites More sharing options...
fishinmyhair 529 Posted April 4, 2025 Share Posted April 4, 2025 Omg ugh. I’m too scared to look at my portfolio Link to post Share on other sites More sharing options...
Creyk 18,779 Posted April 4, 2025 Share Posted April 4, 2025 What should average people who do not invest do about this? Do we have reason to worry or will this only affect those who deal with stocks? Link to post Share on other sites More sharing options...
Morphine Prince 109,890 Posted April 4, 2025 Author Share Posted April 4, 2025 1 minute ago, Creyk said: What should average people who do not invest do about this? Do we have reason to worry or will this only affect those who deal with stocks? Considering half of the US has a retirement account which is invested in stocks, consumer sentiment and investor decisions will affect you even if you have zero investments. Link to post Share on other sites More sharing options...
Red 99,399 Posted April 4, 2025 Share Posted April 4, 2025 If you see me posting like crazy, I'm either bored or procrastinating. Link to post Share on other sites More sharing options...
FATCAT 60,909 Posted April 4, 2025 Share Posted April 4, 2025 Just now, Creyk said: What should average people who do not invest do about this? Do we have reason to worry or will this only affect those who deal with stocks? This market collapse is the sore throat that lets the country know everyone's about to catch a cold. It will affect everyone. This kitten over here (meow) Link to post Share on other sites More sharing options...
FATCAT 60,909 Posted April 4, 2025 Share Posted April 4, 2025 1 minute ago, Red said: Okay ma'am, it's a good day for red This kitten over here (meow) Link to post Share on other sites More sharing options...
Nagini 4,272 Posted April 4, 2025 Share Posted April 4, 2025 Stream Mayhem. Link to post Share on other sites More sharing options...
PartySick 174,100 Posted April 4, 2025 Share Posted April 4, 2025 So what you're saying is Mayhem Ball tickets are now a bargain Whimsical bitch Link to post Share on other sites More sharing options...
Shadow 6,705 Posted April 4, 2025 Share Posted April 4, 2025 Doesn't this seem like an engineered recession if this really is the beginning of one? The end of globalization and trade wars to divide the G7 nations, sow discord between the US and NATO allies, and the many trade agreements ruined by these damn tariffs (like it'll pay back the trillions in debt), only seems to help Russia and Putin's ambitions. Is it possible to believe that Trump is Putin's useful idiot and his administration is either full of greedy, dense yes men or a crew of traitorous puppets? Stand in the light, cast your shadow. Link to post Share on other sites More sharing options...
skaxboy 7,064 Posted April 4, 2025 Share Posted April 4, 2025 -2300 is what my bank account says after buying my Mayhem Ball tickets. Link to post Share on other sites More sharing options...
Red 99,399 Posted April 4, 2025 Share Posted April 4, 2025 1 hour ago, FATCAT said: Okay ma'am, it's a good day for red Any day that the dollar drops is a good day for me If you see me posting like crazy, I'm either bored or procrastinating. Link to post Share on other sites More sharing options...
Grim 2,266 Posted April 4, 2025 Share Posted April 4, 2025 2 hours ago, Shadow said: Is it possible to believe that Trump is Putin's useful idiot and his administration is either full of greedy, dense yes men or a crew of traitorous puppets? It's not just possible, it's obvious. Trump has always been a useful investment for Putin. I'm probably wrong Link to post Share on other sites More sharing options...
Featured Posts
Archived
This topic is now archived and is closed to further replies.